First: Issuance of Banking Documents
| No: 43049648 | Date(g): 5/1/2022 | Date(h): 2/6/1443 | Status: In-Force |
Translated Document
Effective from Apr 01 2022 - Mar 31 2022
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| 1. | The bank should utilize technological systems to process all customer requests for the issuance of banking documents. | ||
| 2. | The bank must provide the option to issue banking documents electronically in Arabic, and in English if requested by the client. | ||
| 3. | The bank’s mechanism for providing electronic issuance of banking documents should ensure the following: | ||
| 1.3 | Compliance with technical requirements and regulations outlined in relevant systems and instructions, including but not limited to: the Personal Data Protection Law, the Electronic Transactions Law, the Information Security Regulatory Guide, the Business Continuity Regulatory Guide, and any directives issued by the Central Bank or relevant authorities. | ||
| 2.3 | Inclusion in the banking documents of assurances regarding the protection and confidentiality of the information contained, and the responsibility of the bearer to maintain it. | ||
| 3.3 | Ensuring that the banking document meets the internal policies of each bank regarding its official status, such as stamps, signatures, and any measures that ensure the electronic document is considered equivalent to a paper document. | ||
| 4. | The bank should use clear and descriptive titles for banking documents that reflect their actual purpose. | ||
| 5. | The bank must include the date of issuance in all banking documents. | ||